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, to be obama. obama was reelected overwhelmingly. republicans want us to work together. democrats want us to work together. they want to reach a balanced approach to everything, but especially the situation we have with the huge deficit. taxes are a part of that. >> the american people have spoken. they have reelected president obama, and every elected a republican majority. if there was a mandate, it is a mandate for us to find a way to work together on the solutions to the challenges we all face as a nation. my message today is not one of confrontation, but one of conviction. mr. president, this is your moment. we are ready to be led. not as democrats or republicans, but as americans. we want you to lead as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's do the right thing together for our country. host: ron, you are up first. what was the message to washington? caller: i really think compromise is in the air in a positive way. it is so wonderful in my mind of president obama was elected. pe
♪ >>> good evening. i'm chris matthews in >>> under the boardwalk. hurricane obama buries romney. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start with this. the hurricane and this president. hemingway called it grace under pressure, the highly educated call it good government. the american people who count the most call president obama's handling of tropical storm sandy positive. 4 out of 5 give him good marks as first responder in the crisis. the question before the election is whether this huge story about disaster and executive response is the last big one before we vote. is it the october surprise? the black swan that swoops out of nowhere and changes everything? as scarlet o'hara said, there's always tomorrow. chuck todd is nbc's political director and john heilemann is "new york magazine's" national affairs editor and an msnbc analyst. i guess that's my question to start, but let me give you this first. the president this afternoon bagged a big endorsement, new york mayor mike bloomberg, who is always interesting to watch. he cite
obama's spending his first full day at white house after re-election in closed door meetings. team obama tells "the washington post" they were confident in victory but admit they were surprised how quickly the race he was called for the president. we're learning more about the president's re-election strategy. in the new yorker the biggest decision was to spend 20% of the total budget on a summer television advertising blitz attacking romney. the idea was to define rom nil early while he was recovering from the primary. with the celebration over, it's certainly back to work at the white house. topping the agenda, how the administration plans to work with a divided congress to vide the looming fiscal cliff. kristen welker joins me. the president has a trip planned already to myanmar on that trip agenda. what else do we know about this? >> reporter: tamron, this is big news. the white house announcing that president obama will visit myanmar in just about ten days. this, of course, comes after secretary of state hillary clinton visited several months ago. the united states has been working
? >> cold, hard demographics. >> making barack obama. >> should be to deny president obama a second term. >> a one-term president. >> we are not as divided as our politics suggest. >> if we don't run chris christie, romney will be the nominee and he will lose. >> yes, ann colter was right. she was wrong about what would have happened if the republicans had nominated chris christie, president obama would have beaten him, too. and now even aven colter knows that. >> he's likable but obama is likable. he's an incumbent, it's going to be very hard to take him out, we're going to need some star power, street fighter like chris christie. i think i was wrong about that. >> just before 7:00 p.m. tonight the boims returned to the white house which they will call home until january 2017. it will be a half empty nest by then, malia will be a freshman in college. tod we learned new details of the president's campaign details. the "wall street journal" reveals, the manager of president obama's election campaign. the campaign he said wanted to spend heavily starting immediately on ads blasting away at
a hurdle for president obama. the october unemployment report. as it turns out, last month was a strong one for job creation. the labor department said 171,000 jobs were added last month, the unemployment rate ticked to 7.9%, but remained under 8% which is key for the president. in a move that surprised exactly no one, both campaigns tried to spin the news this morning. governor romney said this in wisconsin. >> he said he was going to lower the unemployment rate down to 5.2%. today we learned it's 7.9%, that's 9 million jobs short of what he promised. >> speaking in ohio the president highlighted the spike in job creation. >> and today our businesses have created nearly 5.5 million new jobs and this morning we learned that companies hired more workers in october than at any time in the last eight months. >> joining us now, from washington, the man with all the answers, cnbc's amman jabbers. what's your assessment of this jobs report? >> it's definitely a strong jobs report, stronger than expected consensus was about 125,000 jobs, we saw 171,000. that was a surprise to the upside. in the mo
on the other side. republicans had the truth, obama had launched a war over abortion. and on the life issue. and he got to define what that issue was and what is it? rape. abortion meant rape in the minds of many voters because the debate was not fully engaged. his weaknesses, his extreme positions on late term abortions, on sex selection abortion, not saving children born after a failed abortion, none of these were exploited in any debate. even the lies he put forward went unaddressed. the allies at planned parenthood does mammograms. the lie that hospitals that have religious tenets will not be forced to fund abortion inducing drugs and sterilization. voters disagreed with those extreme positions of the president and the democratic party. moving forward, the republican party and its candidates must expose and exploit those vulnerability is or risk alienating the tremendous and growing pro-life base that year after year election after election has delivered a winning in red. the war and women, was that the effective? did it most women voters? when you look at the data you have to say no. t
of the president. >> caller: i'm passionate for the country. i don't care who obama our romney is. i want somebody that will help the american people to progress. i want to see america -- >> host: you want compromise? >> caller: i want compromise, yes. but i'm going to tell you this, and make no mistake about it, we have people in this country that have completely destroyed rather than try to compromise and try to bring the government to some sort of conclusion where everybody will benefit. some people in this country feel as though other people should not exist or have any benefit and they would do everything possible, spend all their money, disrupt the government and do whatever they can to prevent other people from having a happy life. >> host: let me ask you this. do you think that president obama should govern as if he has a mandate? how far should he pushed, should he be aggressive? >> caller: he has to be aggressive because if he doesn't -- >> host: is that compromise though? >> caller: you can be aggressive and still compromise. let me say this, the congress is the tea party for and if oba
're tired of things like i have one goal, to defeat obama. that is gone. obama was reelected overwhelmingly. the american people want us to work together. republicans want us to work together. democrats want us to work together. they want to balance the -- a balanced approach to everything. especially with the huge deficit and taxes are part of that. i can remember my first president after i had been selected as the democratic leader. i was so afraid, i really was. and as i do on occasion, off the cuff, i said i know how to fight. i know how to dance. i do not dance as well as i fight but i would much rather dense hair -- any time and i still feel that way. it is better to dance than to fight. it is better to work together ho. everything does not have to be a fight. that is how it has been the last couple of years. everyone should comprehend especially my senate friends that legislation is the art of compromise with consensus building. that is political scientists have studied this for generations, they continue to say the way we get things done is to work together. we need republicans to h
working to build this campaign because they believe in barack obama and his message and the policy he moved forward -- to move this country forward. that is what won in this election. across battleground states, we are currently sitting at 50.4. i think we will get a little better than president bush's margin in the 2004 election. our margin over republicans declined about 3.7% compared to 2008. 5.3 in non battleground states. millions of ballots are still being counted, 4 million in california alone. sometime today we think we will be officially the winner in florida. as of right now, total turnout and number of voters has increased in colorado, iowa, minnesota, nevada, north carolina, and wisconsin. it looks like it decreased in 35 of 49 battleground states. the total turnout may be higher in 2008 when all the votes are finally counted. as we planned for, total minority vote share increased to 28%. our coalition turnout, women made up about the same percent of the electorate as in 2008. we got 65% of women voters. for lots of reporting about youth turnout, they continue to turn out
popping the champagne yet. david coat, the honeywell ceo who met with president obama during that business leader summit last week says that the looming fiscal cliff is already impacting his business. >> right now i'm not that bullish at all. in fact i'd say there's a great uncertainly that's just hanging over the entire economy because we're not confident that our guys can govern anymore. people like me just aren't hiring because we're not confident they can do it. >> well, the white house echoed that concern this morning. a new report says failing to act on the president's plan for middle class americans would freeze the economic recovery. obama's plan includes lower taxes on the first $250,000 earned by every american and tweaking the alternative minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook i
a good day of massaging the rhetoric r or we don't take the time to debunk it, but if the obama middle class cuts go through, rich people will get the largest cuts, still. >> we saw the obama victory numbers in this election. but i think he's had a bigger victory than what those numbers indicate and that's in this cnn poll that comes up and it shows today how effective the president's leadership has been on this tax issue because the country agrees with him and more people agree with him than voted for him on this particular issue. it's overwhelmingly in favor of the president's position on this and the republicans are reading that poll and their future is in that poll. >> and the republican party for too long has been driven by their primary electorate. they've been afraid of grover norquist and the tea party coming after them in primaries, but the more we see republicans coming out, reaching across the aisle, there are safety in numbers. so, it looks like there is going to be a genuine move to the center. >> here's what glover is hoping for, that we go off the cliff. then you go off
if the obama did not view this as europeanizing the government. using judges and regulators to impose its will on subjects ranging from same-sex marriage in all 50 states to green curbing of the upsurge of fossil fuels through such methods as hydraulic fracturing. for darker the galling is the defeat of every republican challenger for the u.s. senate coupled with a democratic victory in 25 out of a possible 33 races. hanging on to the house by a slightly reduced margin will be a slightly reduced margin for those of us to vote for repeal of obama care and entitlement reform. republicans have now lost four out of the past six presidential elections, and five of the past six in terms of the popular vote. this followed three landslide victories in the era of ronald reagan that dominated the politics of the nation in the world. if this is not the time to recreate an integrated across the board conservative politics to counter the relentless and successful assault by reinvigorated american left, it is hard to imagine when such a time would come. >> thank you. president susan b. anthony list. to
. >> and a few moments, president obama'seens your campaign staff talks about election results. and have delmar, more about the election from political analysts charlie cook and stu rothenberg. then senator chuck schumer on the agenda for the upcoming lame duck session of congress. >> he does rolled himself out. he has taken 10 tablets. >> that is ridiculous. >> at some point he could stop breathing. >> where is sgt robert gates today? >> we ended up following him after this plane ride for many and he ended up injuring himself into an innovative program at walter reed, where they ended up using acupuncture, medication, and other techniques to wean him of all the drugs he was on, and for this program he actually was able to walk out of walter reed on his own 2 feet. i really commend the military for allowing us to tell the story, both the good and the bad, but for recognizing the problem, that there is the problem of over medication, and that they are looking for outside the box ideas on how to fix it. that is sort of the whole basis of the film, the status quo is not working and we need to star
they were. >> well, i mean, in the end, obama won by a little more than the polls anticipated. more likely he produced an electorate. whoever won, we would wake up on election day and produce a little different electorate than anticipated. that is what happened. the electorate was more non- white than most polls anticipated. there was that. the debate had a huge impact. the first debate fundamentally changed the race and put romney back with and range. obama was able to stabilize at the end. but romney presented himself as an acceptable alternative. romney was able to walk over the threshold. in the end, he never addressed the demographic challenge. and the third debate he went back on some of the language. he talked about amnesty and deportation and basically ensured that number among hispanics. barack obama increased its share of votes among hispanics. that is a statement more about the republican party than the democratic party. >> that is not two waves. one was out of the democratic convention. that was a surge for the democrats. the second was a chance for the challenger to put himsel
and regulation, he has a million more americans at work today than obama does. i would rather have his recovery and all the revenue that flows from that. if you grew 4% a year instead of 2%. the difference between growing from 4% instead of 2% is $5 trillion in additional revenue to the federal government. nobody is talking but raising taxes $5 trillion. why not focus to reduce rates, have lower taxes, it to get more growth. you actually net more additional revenue. >> it seems like john boehner is now willing to get that revenue not just from the economic growth that is not scored by the congressional budget office but through eliminating loopholes and deductions in a way that is revenue positive, not neutral which is what the pledge and has to be. >> they took his willingness to have revenues from growth. they said now he has agreed to tax increases. they blow up the negotiations. they did not hear very well. what happens now? i think that obama is very focused on his reelection. i do not think he looks around the country and notices that 30 states have republican governors. he has been a tre
congressional leaders and president obama. this is an hour and 20 minutes. >> we are delighted to have grover norquist with us. of course, he is president of americans for tax reform but in the spirit of full disclosure, he is also a member of our board of directors and a very important colleague. grover spoke here several months ago, i should say here at the center, but not in this room because we moved -- there may be some glitches, so i apologize in advance. i am sure we will do better next time. however, grover talked about taxes, u.s. economic policy. but that was about taxes and the electoral campaign. now we had elections and the taxes are at the center of a very important political debate and at the center of negotiations between the obama administration and congress, particularly the republican controlled house. as i watched the president during his recent press conference and listened to leaders of the house, i think everybody agrees it would be highly desirable to reach a compromise. they also agree the elections provided a mandate. the president seems to think that he is the one w
is that scott brown did just spend >>> welcome to "the ed show" from new york. president obama is using every tool in the toolbox to protect the middle class. it is starting to work. this is the ed show. >>> if we can get a few house republicans to agree as well, i'll sign this bill as soon as congress sends it my way. i've got to repeat. i have got a pen. >> a major republican says he is ready to take the president's deal on taxes. house speaker, john boehner, is not happy. >> hell, no, you can't. >> anti-tax crusader, grover norquist attacking the wives of republican congressman? >> i hope his wife understands that commitments last a little longer than two years. >> tonight, lee saunders on the grassroots blast to pass the middle class tax cuts. >> small business owner, lou krantz, on his meeting with the president. congressman, steve israel, on the democratic momentum on the fiscal cliff. plus. >> karen finney on the new bizarre attack on ambassador, susan rice. >> all of the sudden, we are the bell of the ball. we are here to say, it's time to start to dance. >>> latino voters help put pr
and that country's reaction to the reelection of president obama. "washington journal" next. host: good morning. live coverage of the president's remarks at arlington national cemetery. it was on this date in 1918 that hostilities ended in world war i. on this november 11, the country remembers those who lost their lives and paid the ultimate price varied at arlington national cemetery and other cemeteries around the country. for congress, it is a back to work week for the start of the lame-duck session including the ongoing debate over the fiscal cliff. grover norquist on the tax pledge will be one of the topics. we want to focus on whether you think the tax pledge is still relevant. give us a call. you can also join the conversation on our twitter page or send us an e-mail. let's begin with a look at some of the headlines. we are beginning with the front page of "the new york times." andpolitico has this story -- grover norquist is optimistic about the party being as strong as ever. he carries around copies of a map showing republican dominance all over the country. he insists the party is we
income americans, largely, re-elected president obama. now, the left is going to scream when you say that because they don't want to acknowledge the economics of the vote. liberals want to see themselves as noble. they don't want to consider the fact that entitlements buy votes. >> hear that? over at fox romney's right arm. and there's a lot of other republicans who are also drawing the wrong lessons from romney's defeat. they say he lost because he was not conservative enough. not conservative enough? really? well, have no fear, republicans, there's plenty of far right to go around. former gop presidential candidate ron paul has decided that, quote, secession is a deeply american principle. nothing treasonous or unpatriotic about it. folks, this party might talk a big game about moving to the center, but they're still headed right off the cliff. joining me now is krystal ball, jonathan capehart, writer for "the washington post" and an msnbc contributor. thanks for coming on the show. >> thanks for having us. >> gop consultant mike murphy tweeted something interesting today. he said,
that obama won because it gives to latinos and other minorities, that's insulting. latinas didn't vote for obama because obamacare. i think he is engaging obama in the same type of class warfare discussion that obama wants to have. i think we have to go back to the conservative populism of ronald reagan, which is to talk about the economy. but i would say something is. romney only emphasized -- very quickly. we cannot run only on an economic message. we have the full conservatives on social issues, on the national security, and on the economy. spent and aspirational. aspirational a mechanism where you are free to go as far as you want to go and to do what you want to do. and you are right about the hispanic community, especially they are very and trunk -- entrepreneurial. guess what. they start liking free government less. >> unfortunately, we're out of time to want to thank you all for coming today. please join me in thanking our panelists for this terrific presentation. [applause] [inaudible conversations] >> tonight in primetime we get a closer look at the presidential election. we
americans went shopping online or in stores totaling $59 billion in sales. the obama economy is booming. all right. we'll get into that and a whole lot more. but first here is the latest from lisa ferguson. good morning. >> hey bill good morning, everyone. hope you all had a happy thanksgiving and just in case you did not get enough shopping in on black friday said is siber monday when retailers will post all of their sales online. the white house is releasing a report on the impact of middle class tax cuts on consumer spending. as we know with all of this talk of the fiscal cluf tax cuts are set to spike at the beginning of next year. according to the new report allowing middle class tax rates to group, along with allowing the current tax cut to expire would change the gdp. this is all part of the president's effort to extent the burr-era tax cuts for americans making less than $250,000 a year, all while incriesing taxes on the wealthy. it seems some members of the dgdp could be coming around and be ready to go against the grover norquist pledge. more bill press aft
selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open geyser ceo harvey eisen and republicans who have put tax revenue on the negotiating table , and some republicans have flat out repudiated their anti-tax increase pledge. the author of that pledge, grover norquist, here and we will ask him how it is that he came to be the villain in this piece, how it feels to be the subject of attacks from both the left and some on the right and what the future holds for those republicans who break their pledges to voters. also tonigh
something that's trending on the web right now. it's this white house photo showing president obama and olympic gymnast mikala maroney looking not impressed. the president was having a little fun with maroney who had that same face when she finished the vault. that look went viral. i'll be back and show you how the twinkie is iconic in mexico. that's right, mexico. stay with cnn. "your money" starts right now. >>> this is the economic storm of our own making and it's threatening any chance of a sustained recovery. i'm ali velshi. this is "your money" and i'm going to show you the damage america could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy
. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax would go from 15% to 20% and dividend taxes would go from 50% to the income tax rate. as i showed you, 39.6%. president obama argues this will hurt people with savings and dividend stocks, but the overall investment gains are enjoyed by the wealthy. this, again, would target that rich group that president obama is talking about. but that's not all. the president also wants to raise an additional $500 million by lim
] >> stephanie: ed in seattle sends this. this is from canada. hi steph so you're moving to canada if obama gets reelected? i'm sure you'll [bleep] fit right in. [ applause ] >> some tea baggers not that bright. >> we've got to go to canada to get away from the socialist medicine thing. >> stephanie: they want to go to canada which is funny. >> there's less socialism to the neighbors to our south but i don't think they want to move there, because there are too many brown people. just saying. they're kind of trapped. it's funny they're trapped on this continent. they can't go to hawaii, because obama was born there! >> stephanie: moving to kenya? ok. [ laughter ] >> we have a full on lineup. the rude pundit coming up. it just gets more and more entertaining every day. apparently, the mean will be yelling at the american people for four years. american people of stupid. ok. martha plimpton on the big show today. [ applause ] >> emails about this, wow! not saying moor losers, teresa wrote portland's progressive radio station was taken away, friday night. that's one of the most successful stations i
who says that barack obama is really a conservative. he says the rebel guns are radical and obama is really a conservative in terms of the things he advocates. i would say there is a conflict that is going to be exacerbated, and there will be a lot of tension between two things. one is the biggest influence of the tea party and their supporters has come from defeating republican incumbents in the republican primaries. for example, this year, richard lugar was defeated by mourdock in indiana. if richard lugar had been read- nominated by the republicans, that race would have totally disappeared. there would be no news stories about it, it would have totally disappeared. instead, a person was nominated who was -- who defeated lugar was a key party person who said his idea of compromise was the democrats coming over to his point of view. in missouri, i have to admit clear macaskill is a very clever politician, and she did spend $2 million of her own money to get todd akin the republican nomination. if what used to be called the republican establishment was more on their toes, they wou
these issues mean to you at 1-866-55-press. boy, president obama has an interesting guest for lunch today at the white house. none other than mitt romney himself. tagg, by the way was not invited. there will be no reporters or no photographs allowed either and of course, no alcohol. the white house would not say what their luncheon agenda is but they did release the luncheon menu. mitt romney will be served a healthy helping of crow. and it's about time. all right. we'll talk about that and a whole lot more here. a lot more serious stuff here on the "full court press" this morning. first, standing by with all of the latest, lisa ferguson out in los angeles. hi lisa. good morning. >> hey bill. good morning everyone. the president does have quite an interesting schedule with his lunch guest but first off he's meeting with the american nobel prize winners in the oval office and then as bill mentioned he is inviting mitt romney to lunch in the private dining room. bill is not the only one making jokes about what's on
for some time in the way the reagan coalition was and the obama coalition will be. but it was a bad moment for the romney campaign in >> david mentioned in his opening remarks 47%. it was coincidental i think that president obama last 47% and you said that the 47% mr. romney was referring to was republicans. that was coins dental? >> what it demonstrated is a fundamental misunderstanding of the country he wanted to lead. that's what that statement showed. and a lot of those 47%. what was he saying in the statement? what he was saying is there is 47% of the country i got to write those people off because they don't pay federal income tax. and because they don't pay their a bunch of takers. you in this room, you're the makers, you're being victimized by the takers and there is nothing i can do about those takers so forget about it. i think it was a disaster. and a lot of the people in that 47% are in fact the base of the republican party. >> david. >> this is not because we're having a blue hand love in. if the republican party were to listen to half of what steve said in his opening comment
to be putting obama care on the table. there's no question in my mind. >> how does that make sense, michelle? >> well, it makes sense because eric cantor's team lost the election and their hopes of repealing obama care is pretty much shot. so their last chance at undermining a bill that they all hate and campaigned on repealing is to try and make it look like the only thing reasonable for the defendant to do is to throw it in the mix. of course, that's not true. they are just grasping at last straws here. >> can i make a moment on that? >> yes. go ahead. >> if i were president obama and i were sitting in that room and negotiating with these members and someone brought up -- if eric cantor brought up putting affordable care act on the table, i would be well within my rights to stand up and walk out of that room. that is absolutely ridiculous. i totally agree everything should be on the table when it comes to fiscal policy but this election was an entorsment of the affordable care act. these guys, i think, are really nuts to try to raise that as an issue in this context. >> well, the other par
the intelligence community. there could be some substance to the plan that president obama plans to nominate her for secretary of state. she will meet with other lawmakers later this week. president obama has been unwaiving in his support of her calling republican attacks on her outrageous. >> according to official announcement, the president of mexico and the president plan to talk about economic development and bored concerns. while there is no second sit down scheduled for the president and congressional leaders he did speak to john boehner and harry reid over the weekend about avoiding the fiscal cliff. the president will meet with small business owners today. tomorrow he meets with middle class americans who would be affected by tax hikes and more business leaders. friday he's going to travel to hatfield pennsylvania where he will give campaign style remarks to get support for congress to negotiate the right kind of deal. we are back with more steph after this. ♪ [ ♪ theme ♪ ] >> announcer: ladies and gentlemen, it's the "stephanie miller show." ♪ >> yahoo, it is the "stephanie mill
real limiting. when you look at barack obama's first meeting with angela merkel in london when the global economy was on fire is interesting. she laid down the gauntlet. we are not going to play by your rules. we are not going to spend like you are telling us to do. it has been interesting as a superpower to look at all limits we have even influencing a nation like germany. and yet brussels i asked to you think america has the same growth we once had that could influence the international system? i would love to see how you see the challenges ahead in at geostrategic context? >> i think a strong economy is critical to u.s. national security, strong military. in this post financial crisis era, economics and finance are every bit as important as traditional diplomatic and military levels of policy. using the word throw away, a measure of how much nuclear megatonnage could be delivered, i think we have moved from an era where the measure of the nation's strength or vulnerability to an era where sovereign interest rates were a measure of strength or vulnerability so the move from t
in the way. the october jobs report will be released in three and a half hours. both the obama and romney campaign hope the numbers will help them in the race. it's too close to call right now. christine romans is going to have a look at it. christine? >> let's talk about what we are expecting in the final economic report before tuesday. in three and a half hours, we'll find out what happens for jobs and the unemployment rate. the expectation is the unemployment rate is 7.9%, picking up slightly with 125,000 jobs added in the month. the trend, though, is what is so important here, right? sometimes you get a little in the month. the trend is what's important. 7.8% was the unemployment rate when the president took office. last month, he's back to where he started. february, 2009, that's the stimulus. then the unemployment rate rise up to 10% in october, 2009 as the stimulus money was being deployed. stubbornly high unemployment. then drifting lower much of this year. we can look at job creation and you can see how jobs have been added now since the end of 2010 consistently, but not robustly
their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. >> chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. >> the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. >> we'll wait on the president and hope he can bring people together to forge a compromise. if he does, we will get there and if he doesn't, we won't. that simple. white house released a report on cyber monday warning that a deadlock would crush retailer and devastate consumer spending, white house spokesman carney pushed back on the idea that the talks are stalled, as well as that the president is not showing leadership. >> so he spent mixed signals on the white house willingness to make concessions. >> he is clear about the president's interest and willingness to compromise. but also, his clear insistence that he will not sign an extension of the bush era tax cuts for the top 2%. >> democratic lawmakers are sending mixed signals whether they
important to our economic recovery than creating jobs. president obama says he'll add 12 million jobs over the next four years. but for his math to work, the pace of economic growth needs to pick up. with a crisis in europe and a slowdown in asia, an economic storm beyond our control stands ready to batter our shores. still, two years of consistent job growth prove we are heading in the right direction, but the fiscal cliff is one storm that will be of our own making unless washington acts. $7 trillion in across-the-board tax hikes and spending cuts over the next decade mandated to begin in january. it's the legislative equivalent of a slow motion train wreck that washington can avoid. the question? will congress and the president drive that train over a cliff? >> we won't solve the problem of our fiscal imbalance overnight. >> the elections are over. the threats to our economy are not. time to get to work. and there is lots of work to be done. it starts with averting this disaster of our own making. i repeat that. the fiscal cliff. we've got it covered from all angles as only cnn can. chr
to be tuesday november 13. one week from the re-election of barack obama. great to see you this morning. thanks for joining us. it is the "full court press." your new progressive morning show on current tv and the only progressive morning show anywhere on cable television in this country. good to have you with us today and we are so happy to be with you to tackle the stories of the day. talk about them. give you our analysis from our answered get your comments from your end as to what it means to you and your family and where you think we ought to go from here. you can do that by giving us a call at 1-866-55-press. by following us on twitter at bpshow or on facebook. facebook.com/billpressshow. and then you can go in the chat room also. chat room is just a big conversation among listeners and watchers of the show. current tv or on progressive talk radio or on sirius x.m. nationwide kind of chat room. you can join by going to current.com and then clicking on the chat room. peter ogborn again off today. but dan henning f
. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top rate would go from 33% to 36%. now this is what president obama campaigned on. he's been vague about the specific numbers since his re-election which suggests that he may compromise on the actual rates in order to get a deal. there are other taxes as well that he's talking about. taxes on investment gains would also go up. the capital gains tax could go from 15% to 20% and dividend taxes would go from 15% to the income tax rate. as i showed you, 39.6%. mitt romney argue this is would hurt individuals with savings and who own dividend paying stocks. but investment gains are enjoyed by the wealthy. this, again, would target tha
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